United States - Pennsylvania - Hershey - Human Resources - Full-time
The Director will have primary global responsibility for management and communication of the Corporation’s short- and long-term incentive compensation programs including management and broad-based stock option plans, performance and restricted stock units, restricted cash awards, and annual short-term incentive compensation programs and potentially Hershey’s Employee Stock Purchase Plan (HESPP). The incumbent will be responsible for market research to analyze global trends in executive compensation and will be expected to make recommendations related to enhancement of existing compensation programs and to design new programs for global participants. The Director will have responsibility for partnering with the Finance Department to ensure appropriate accounting for all incentive compensation and with the Law and Investor Relations Department to ensure appropriate delivery of equity compensation. The Director will be responsible for driving key initiatives in a collaborative and facilitative manner across a matrix organization and will function as a strategic and analytical resource who can both design programs and translate theory into actionable programs. The Director will represent Hershey at trade organizations, including the National Association of Stock Plan Professionals.
- Full responsibility for global management, accuracy of records, and worldwide delivery of all executive and incentive compensation programs and the deferred compensation program. Works with IS partners to ensure SAP data integrity related to executive compensation records and ensures SAP programming delivers desired award results. Has responsibility for calculation of executive PSU and option awards as well as management equity awards. Responsible for developing communication materials for executives’ annual compensation awards and developing methods of automating the production of those materials.
- Responsible for developing and maintaining knowledge of legal requirements related to equity awards in all countries in which Hershey operates, including but not limited to the US, Canada, Mexico, Brazil, Korea, Japan, China, the Philippines, Singapore, etc. Additionally, the Director is responsible for quickly gaining an understanding of equity requirements in countries into which the Company expands operations and designing incentive programs appropriate for international locations. Recommends alternative award strategies for countries in which traditional equity awards may not be made due to legal restrictions.
- Makes recommendations to senior management for special recognition award levels and develops guidelines for new hire awards. Designs and prepares award communication brochures for recipients.
- The Director serves as the primary vendor contact and has full responsibility for deferred compensation and global equity program vendor management, including selection, contract review, adherence to Service Level Agreements, service enhancement and problem resolution including possible expansion of current vendor services to include HESPP.
- The Director has primary responsibility for the Executive Perquisite Program and interfaces with individual executives and their financial counselors on a regular basis regarding perquisites as well as their personal equity awards.
- Regularly responds to employee and executive questions regarding equity awards. Interprets legal plan documents and calculates prorated award values for executives receiving severance agreements based on legal plan provisions.
- Analyzes results and prepares material for review by the Compensation and Executive Organization Committee of the Board of Directors, CEO and GLT. Analyzes information and presents recommendations to senior management, including GLT members on the Company’s fiduciary Employee Benefits Committee regarding global compensation programs and non-qualified benefits plans.
- Provides leadership and direction related to system records and award calculations while serving as the SAP HR process expert for the management and broad-based option programs, PSU, RSU and short-term incentive programs. Designs system audits to ensure global data integrity and oversees / supervises completion of audits and delivery of annual awards to recipients and executives.
- Conducts benchmarking and responds to industry surveys related to incentive and executive compensation issues. Provides senior management with recommendations regarding internal pay levels, competitive pay practices and innovative compensation programs that match industry trends and provide a competitive advantage to the Corporation. Utilizing continuous improvement principles, recommends practice and system changes to enhance programs and participant experiences.
- Prepares reports and analysis required to respond to various management requests and to quantify the cost of existing incentive compensation programs globally and the financial impact of possible changes to the programs. Maintains records required by the finance and legal departments regarding short-term incentives, PSU, RSU and option awards to support calculation of the quarterly base case, incentive accruals and proxy reporting. Participates in review of the annual Proxy Statement to ensure accuracy of information reported and compliance with SEC regulations. Ensure all award programs are legally compliant with Internal Revenue Code Section 409A, other regulations impacting publicly-traded companies and are operated in compliance with all legal and accounting regulatory requirements.
- Minimum of Bachelor’s Degree in Business Administration, Finance, Human Resources or a related field.
- CCP, PHR, SPHR or Master’s Degree strongly preferred.
- Minimum 10 years progressive professional work experience in Compensation or a related field.
- Prior direct experience with design and administration of publicly-traded company equity and incentive compensation plans is required.
- Prior SAP, PeopleSoft or large HRIS system experience is required
- Expert Excel, Word and PowerPoint skills
- Strong interpersonal and organizational skills
- Strong oral and written communications skills, ability to design and produce Board-quality presentations with accuracy and without direct supervision
- Strong research and analytical skills
- Mature judgment and discretion required at all times, especially when dealing with executives’ personal financial information
- Ability to remain professional and operate with a calm and confident demeanor when working with senior level executives in situations which at times are challenging
- Ability to communicate effectively with senior management
- Demonstrated personal leadership
- Able to work in a dynamic environment
- Detail orientation and systematic approaches to projects
- Self-starter, ability to work without direct supervision to analyze issues, interpret information, and manage work teams
- Eagerness and ability to learn Human Resources systems, policies, and procedures
- Ability to work on multiple projects simultaneously, on new assignments without supervision, on resolving issues without precedents, and to balance multiple and conflicting priorities
The Hershey Company is an Equal Opportunity Employer. The policy of The Hershey Company is to extend opportunities to qualified applicants and employees on an equal basis regardless of an individual's age, race, color, sex, religion, national origin, disability, Veteran Status, sexual orientation, genetic information or any other protected category recognized by state and federal laws.
The Hershey Company - 2 years ago
The Hershey Company (NYSE: HSY), headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world...